Page 10 - Green Builder May-June 2018 Issue

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Third-party-owned residential solar

now second-best among users

A stronger lending market commercial sector, in which leases and PPOs agreements compared to those for residential

entices homeowners to are expected to account for 78 percent of solar buyers.
Wood Mackenzie identifies Mosaic is the
solar systems by 2021, up from a projected 53
buy, not lease. percent in 2018, Wood Mackenzie notes. Much nation’s No. 1 residential financer, slightly ahead
of Sunrun. With TPOs, Sunrun tops Tesla and Vivint
of this success stems from the fact commercial
OMEOWNERS IN 2017 bought more customers are able to acquire very customized Solar.
solar power systems with cash or Residential TPO Penetration and Installations by Ownership Type, 2011-2015
loans than with leases or power
H purchase agreements (PPAs)—the
first time since 2011. The shift is attributed to an
increasingly competitive market for borrowing,
according to market analysis and advisory firm
Wood Mackenzie.
The market for third-party ownership (TPO) via
leases or PPAs is expected to drop to about 33
percent over the next five years as companies
such as Vivint Solar and Tesla opt for other CREDIT: WOOD MACKENZIE
financing methods, lead researcher Allison Mond
says. Currently, the TPO market share is estimated
at 38 percent, down from 41 percent in 2017. A big switch. Customer-owned solar power systems are expected to dominate the market by 2023,
The figures are a stark contrast to the thanks to ever-favorable lending programs.

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